Cost of improvement not allowable if supporting bills, vouchers not submitted

Late Smt. Bhanuben Dhanji Shah Vs DCIT (ITAT Mumbai)

The brief facts of the case pertaining to the issue, as emanating from the record, are: During the course of assessment proceedings, the assessee was asked to submit proof with regard to cost of improvement claim of Rs.81,775, with supporting bills, date of incurring such expenditure, source of funds, etc. However, in the absence of any details, the Assessing Officer, vide order passed under section 143(3) of the Act, disallowed the cost of improvement claimed by the asses

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